Next Gen Metals Inc. Terminates Destiny Gold Project Option Agreement

TSX.V: N       OTCQX: NXTTF

VANCOUVER, June 27, 2012 /CNW/ - Next Gen Metals Inc. ("Next Gen") TSX.V: N has elected to terminate its option Agreement with Pacific North West Capital Corp. ("PFN") on the Destiny Gold Project in Val d'Or, Quebec. The Destiny Gold Project is located 75 km north of Val d,Or, Quebec, and was held under option from PFN. Next Gen Metal Inc. decided it would be in the best interest of the company to not pursue additional exploration on this property in order to focus its efforts on an aggressive acquisition program and exploration of its other existing properties.

The 2012 drill program was designed to test the 1 km long area between the DAC Deposit and the Darla Zone at shallow depths and consisted of 3,472 m in eighteen holes. The objective of the drill program was to increase the contained ounces on the Destiny Property at shallow depths. The presence of gold mineralization between DAC deposit and Darla Zone was confirmed by the 2012 drill program but the results did not meet the Company's expectations.

Advancing the project would require extensive infill and exploration drilling, which Management believes is not in the Company's best interest at this time.

On behalf of the Management of Next Gen Metals, I want to thank Alto Ventures Ltd. ("Alto") (TSX.V: ATV) and Pacific North West Capital Corp. ("PFN") for their time and efforts during the option agreement. Alto Ventures and PFN have been excellent partners and we are pleased to have worked with them on the Destiny Gold Project.

Qualified Person Statement

This news release has been reviewed and approved for technical content by Ali Hassanalizadeh M.Sc. P.Geo, MBA a qualified Person under the provisions of National Instrument 43‐101.

About Next Gen Metals Inc.

Next Gen, http://www.nextgenmetalsinc.com, is a mineral exploration company whose current focus is on silver, gold and base metals projects in North America.

On behalf of the Board of Directors

(signed)

Harry Barr
President and CEO

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.. Note:  this release contains forward-looking statements that involve risks and uncertainties.  These statements may differ materially from actual future events or results and are based on current expectations or beliefs.  For this purpose, statements of historical fact may be deemed to be forward-looking statements.  In addition, forward-looking statements include statements in which the Company uses words such as "continue", "efforts", "expect", "believe", "anticipate", "confident", "intend", "strategy", "plan", "will", "estimate", "project", "goal", "target", "prospects", "optimistic" or similar expressions.  These statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors, including, among others, the Company's ability and continuation of efforts to timely and completely make available adequate current public information, additional or different regulatory and legal requirements and restrictions that may be imposed, and other factors as may be discussed in the documents filed by the Company on SEDAR (www.sedar.com), including the most recent reports that identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements.  The Company does not undertake any obligation to review or confirm analysts' expectations or estimates or to release publicly any revisions to any forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.  Investors should not place undue reliance on forward-looking statements.


SOURCE Next Gen Metals Inc.

For further information:

Please send requests for further information to:

Ali H.Alizadeh, Vice President Exploration
Next Gen Metals Inc.
Tel:  604-685-1870
info@nextgenmetalsinc.com

Profil de l'entreprise

Next Gen Metals Inc.

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